GuruFocusGuruFocus

Zoom Pops After Earnings Beat And Raised Forecast

Meno di 1 minuto di lettura

Zoom ZM gave Wall Street something to smile about Thursday. The video-conferencing pioneer beat expectations in its second quarter and lifted its full-year outlook, sending shares up 5% after hours on top of a 1.4% gain during the regular session.

For the three months ended June 30, Zoom earned $1.53 a share on an adjusted basis, comfortably ahead of the $1.38 analysts were looking for. Revenue came in at $1.21 billion, slightly above the $1.20 billion estimate and up 4.7% year over year. Enterprise demand led the way with sales up 7% to $730.7 million, while online revenue ticked up 1.4% to $486.6 million.

Guidance also came in a touch stronger. Zoom expects Q3 revenue of $1.21 billion to $1.22 billion and EPS of $1.42 to $1.44, both just ahead of consensus. For the full year, it now sees $4.83 billion$4.84 billion in revenue and EPS of $5.81$5.84, well above the Street's $5.60 forecast.

AI is transforming the way we work together, and Zoom is at the forefront, CEO Eric Yuan said, noting it was the company's fastest top-line growth in nearly three years.